Polkadot

Polkadot stands out among other blockchain projects for its focus on enhancing the foundational infrastructure of dApps. It aims to enable interoperability between blockchain ecosystems, facilitating seamless communication without intermediaries. Functioning as a "network of networks," Polkadot utilizes parachains — specialized blockchains with unique functionalities and tokens — to enable interaction between diverse blockchain architectures. Powered by the nominated proof-of-stake (PoS) consensus algorithm and drawing inspiration from the Ouroboros protocol, Polkadot offers a robust framework for building interconnected and scalable decentralized systems.

Token symbol:
DOT

Scalability Metrics:
Polkadot TPS is 0 transactions per second
Polkadot Max TPS is 462.7 transactions per second
Polkadot Max Theoretical TPS is 1,000 transactions per second
Polkadot transaction volume is 0 transactions
Polkadot block time is 6.01s
Polkadot finality is 30s
Polkadot has 695,998,914 total transactions since its TGE
Polkadot is a layer 1 blockchain
Polkadot was launched on May 26, 2020 (6 years ago)

Decentralization Metrics:
Polkadot nakamoto coefficient is 178
Polkadot has 600 validators
Polkadot stake is $1.335B
Polkadot consensus mechanism is Nominated Proof of Stake
Polkadot governance is on-chain

Developer Activity Metrics:
Polkadot has 8,992 developers
Polkadot has 494 repos
Polkadot has 686,635 commits
Polkadot has 35,006 stars
Polkadot has 5,069 watchers

Financial Metrics:
Polkadot has no data for chain revenue
Polkadot has no data for average transaction fee
Polkadot price is $1.52
Polkadot market cap is $2.544B
Polkadot fully diluted valuation (FDV) is $3.192B
Polkadot market cap to FDV ratio is 79.68%